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Jeffrey Snider's May 27, 2020 commentary notes the Fed's trade-weighted dollar rose 7.1% in Q1 2020, its best quarter in over twenty years. He argues the dollar's strength coincided with global stress.
A strong dollar pressures US commodity export competitiveness and emerging-market buying power, which is bearish for feed commodity prices.
swiss.economicblogs.orgJeffrey P. SniderMay 26, 2020After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
